Yankee Institute Blog
Some Connecticut residents are using new technology to save money on their eyeglass or contact prescriptions, but a bill pending before the Connecticut legislature threatens to put a stop to their frugality.
Following a move that proved disastrous for independent grocers in Philadelphia, some Connecticut lawmakers and organizations are looking to institute a 1 cent per ounce tax on all sweetened beverages including soda and sports drinks like Gatorade.
The president of the Connecticut Hedge Fund Association told lawmakers Tuesday in no uncertain terms that hedge fund companies would move to other states if Connecticut imposed a 19 percent surcharge on investment management services.
Since it began in 2011 Gov. Dannel Malloy’s controversial First Five program has awarded $381.6 million in grants and tax credits to major Connecticut companies and it has done so with virtually no public oversight.
But that might change if a bill backed by state Comptroller Kevin Lembo is able to jump the legislative hurdles and get Malloy’s signature.
A former resident of Vernon was indicted Thursday by a federal grand jury for using a fake pita company to fraudulently obtain $3 million, including $400,000 from the state of Connecticut.
Over one thousand retired state employees are receiving six-figure pensions, a nine-fold increase since 2010 when only 110 retirees received six-figure pensions.
According to data from the state comptroller’s office the six-figure pensions for 1,030 retired state employees adds up to $120.1 million per year.
Connecticut has too much red tape, and this year lawmakers from both parties are taking action to cut it.
Unemployment for people ages 25 to 34 in Connecticut is abysmal, one of the 10 worst states and in close competition with Mississippi. This depressing statistic should motivate reform, especially the need to cut red tape for people starting their careers.
Healthcare costs for retired state employees are projected to surpass the healthcare costs for current employees for the first time in 2017, according to the governor’s budget report.
Connecticut is known for having its fair share of red tape. But did you know Connecticut has layers of red tape for people trying to start a career? This is troubling given the sad state of job creation in Connecticut. Over the past 25 years, Connecticut had the...
Gov. Dannel Malloy proposed definitions earlier this year to finally implement the 25-year-old constitutional spending cap. His budget chief admitted Monday that, unless lawmakers pass the administrations’ proposed definitions, his proposed budget will exceed the existing cap by $153 million.